XRP Plummets: Cryptocurrency Hits Alarming Low Since 2024 Election, Tests Critical $1.44 Support

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XRP Plummets: Cryptocurrency Hits Alarming Low Since 2024 Election, Tests Critical $1.44 Support

In a significant market development, the XRP cryptocurrency has tumbled to its lowest valuation point since the November 2024 U.S. presidential election, breaking a crucial support level and signaling potential for further decline. According to data from CoinDesk, the digital asset dropped to $1.44, a level not seen since the immediate post-election period, erasing gains and testing investor confidence. This sharp movement indicates a decisive shift in market control from buyers to sellers, raising immediate questions about the token’s near-term stability and the broader sentiment in the altcoin market.

XRP Price Breaches Critical Support Level

The recent price action for XRP represents a clear technical breakdown. The $1.44 level previously acted as a robust floor during a steep sell-off in April 2025, attracting substantial buying interest that stabilized the asset. Consequently, the failure to hold this established support zone is a bearish signal that technical analysts closely monitor. Market data now shows a concerning lack of defined support between the current price and the psychologically significant $1.00 mark. This vacuum suggests that any sustained selling pressure could trigger a rapid and steep descent toward, or even below, the one-dollar threshold.

Furthermore, this decline occurs within a complex macroeconomic and regulatory landscape. The cryptocurrency market often reacts to broader financial indicators, interest rate expectations, and regulatory clarity—or the lack thereof. For instance, the post-2024 election period initially brought volatility, followed by a period of consolidation that XRP has now broken. Analysts point to several concurrent factors, including shifting liquidity conditions and institutional portfolio rebalancing, which may have exacerbated the sell-off.

Analyzing the Cryptocurrency Market Context

XRP’s performance cannot be viewed in isolation. The entire digital asset sector has experienced heightened volatility throughout early 2025. While Bitcoin and Ethereum have faced their own pressures, altcoins like XRP often demonstrate amplified movements. This correlation highlights the interconnected nature of crypto markets, where sentiment shifts can cascade across assets. The breach of a long-held support level for a major token like XRP can therefore have a ripple effect, potentially increasing selling pressure on other large-cap altcoins.

To understand the scale of the move, consider the following comparative performance table for key support levels:

Asset	Key Support (2025)	Current Status	Year-to-Date Change
XRP	$1.44	Breached	-22%
Bitcoin (BTC)	$58,000	Testing	-8%
Ethereum (ETH)	$3,100	Holding	-12%

This data illustrates XRP’s relative weakness. The token’s decline outpaces that of the two market leaders, suggesting asset-specific headwinds or a loss of investor favor. Market participants are now scrutinizing on-chain metrics, such as exchange inflows and wallet activity, for signs of accumulation or distribution.

Expert Insight on Market Structure and Sentiment

Seasoned market analysts emphasize the importance of volume during such breaks. A high-volume breakdown, as observed, carries more weight than a low-volume slip, confirming genuine seller conviction. “The breach of the $1.44 support on significant volume is a classic technical failure,” notes a veteran chart analyst from a major trading firm. “It transforms that prior support into a new resistance level. The market’s memory now associates that price with selling, not buying.” This principle of role reversal is a cornerstone of technical analysis and suggests upward moves may now be capped near that level.

Beyond charts, fundamental factors remain in play. The ongoing legal developments between Ripple Labs and the U.S. Securities and Exchange Commission (SEC) continue to cast a long shadow. While major rulings have passed, their implementation and the resulting operational clarity for institutions dealing in XRP remain a evolving narrative. Any perceived regulatory setbacks or delays can immediately impact investor sentiment and liquidity.

Potential Trajectories and Risk Assessment

The immediate future for XRP hinges on market reaction in the coming sessions. Several scenarios are plausible:

• Rapid Reclamation: A swift move back above $1.44 would indicate a false breakdown, potentially trapping sellers and fueling a short-covering rally.
• Consolidation Zone: The price may enter a volatile, directionless range between $1.20 and $1.44 as the market searches for a new equilibrium.
• Continued Descent: Sustained trading below $1.44 opens the path toward $1.20 and, ultimately, a test of the $1.00 psychological barrier.

Risk management becomes paramount in this environment. Traders and investors often reassess their position sizing and stop-loss orders following a key technical break. The absence of strong historical support on the charts down to $1.00 means the market must discover buying interest organically, which can be a volatile process. Long-term holders may view this as a potential accumulation zone, but history shows such bottoms are often retested multiple times before a durable recovery begins.

Conclusion

The decline of the XRP price to its lowest point since the 2024 election marks a critical juncture for the cryptocurrency. The breach of the $1.44 support level is a technically significant event that shifts market structure in favor of sellers. While the broader digital asset market faces its own challenges, XRP’s pronounced weakness warrants close attention from market participants. The path ahead depends on whether buyers can muster a defense at lower levels or if the momentum carries the token toward a consequential test of the $1.00 threshold. This development serves as a stark reminder of the volatility inherent in cryptocurrency markets and the importance of robust technical and fundamental analysis.

FAQs

Q1: Why is the $1.44 price level so important for XRP?
The $1.44 level was a major support zone that held during a sharp market decline in April 2025. Its breach indicates that the buying power that previously existed at that price has been exhausted, turning it into a new resistance level.

Q2: What does “no clear support” mean in the $1.00 to $1.44 range?
It means there is no significant, historically proven price level where buyers have consistently stepped in to prevent further decline within that range. This can lead to faster price drops if selling pressure continues.

Q3: How does XRP’s performance compare to Bitcoin and Ethereum?
In the recent downturn, XRP has underperformed both Bitcoin and Ethereum, breaking a key support level while the larger assets are testing theirs. This suggests XRP is facing stronger selling pressure or weaker buying interest relative to the market leaders.

Q4: Could this price drop be related to the Ripple vs. SEC case?
While major legal rulings have occurred, the market remains sensitive to any ongoing regulatory developments or clarifications. Negative perceptions regarding regulatory hurdles can contribute to selling pressure, though the current move is largely attributed to technical market dynamics.

Q5: What should investors watch for next?
Key indicators include whether the price can reclaim $1.44, the trading volume on any rebound attempts, and the development of new support levels if the decline continues. On-chain data showing large wallet accumulation could also signal a potential bottom.

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